Machen's U of U Salary Topped with Bonuses

Machen's U of U Salary Topped with Bonuses


Save Story

Estimated read time: 1-2 minutes

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

(Salt Lake City-AP) -- Outgoing University of Utah president Bernie Machen's salary was fattened by more money and benefits than previously made public.

A copyright story in today's Salt Lake Tribune says that Machen's 271 thousand dollars annual base salary came with a house, car, health insurance and retirement benefits.

Machen has been named president of the University of Florida.

While in Utah, he also received a 50 thousand dollars yearly bonus from private donors.

Other salary add-ons included 150 thousand dollars from the private John R. Park endowment, a university-financed tax-deferred income plan equal to 12 percent of his base salary and a 400 thousand dollar insurance policy.

Officials with the Board of Regents said Friday that the private payments were no secret. However, The Salt Lake Tribune received the salary documents only after filing a request under the Government Records Access and Management Act.

Yesterday, the University of Florida board of trustees approved and publicized the contract it has with Machen, who will become the top paid university president in Florida and near the top in the nation if he stays for the entire term of his five-year contract, which can be extended to eight years.

(Copyright 2003 by The Associated Press. All Rights Reserved.)

Most recent Utah stories

Related topics

Utah

STAY IN THE KNOW

Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

KSL Weather Forecast